by Devesh Agarwal Gurgaon based low fare carrier SpiceJet Ltd., continued the record of disastrous performance in the Indian airline industry when it announced a record Rs. 559 crore loss for the second quarter, ended September 30, of the fiscal year 2013~2014. This compared to the Rs. 163.5 crore loss from the same quarter last…
India’s only publicly listed low fare carrier, SpiceJet Ltd., faced turbulence in the stock market after newspapers reported the resignation of its Chief Executive Officer Neil Mills. The stock price of the Kalanithi Maran controlled airline fell as low as Rs. 26.50, its lowest price since June 27. Mills joined the airline in October 2010…
By Vinay Bhaskara and Devesh Agarwal In a result that represents a positive sign for the prospects of the Indian airline industry moving forward, Gurgaon based low cost carrier (LCC) SpiceJet reported a Rs. 102 Crore (US $19 million) net profit for the third quarter of fiscal year 2012-13 (FY 12-13), a sharp improvement from…
-RyanAir considers its passengers as “self-loading freight”by Devesh Agarwal “While 80% is common, there is no single LCC model that is used across the world”. These were the thoughts expressed by SpiceJet’s Chief Executive Officer Neil Mills in a relaxed and free spirited conversation with Bangalore Aviation’s Devesh Agarwal, enroute to Niagara Falls immediately after…
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